1:35pm: The Knicks front office remains in active pursuit of trades and is making contingency plans in the event Woodson is fired, writes Frank Isola of the New York Daily News. Isola figures Dolan felt compelled to meet with the team to quell internal speculation about potential changes ahead. In any case, the future of the Knicks appears to remain shrouded in mystery.

11:15am: Marc Stein of ESPN.com reports that Knicks chairman James Dolan told players yesterday morning that there will be no trades or changes in the coaching staff. Stein says the meeting was held by Dolan to convince the players to come together behind head coach Mike Woodson and his plan to “win [the Atlantic Division]”.